Abstract

This technical note outlines background theories of ethics that are relevant to managerial decision making and develops a framework that managers can use to enhance their ability to make good choices.

Excerpt

UVA-E-0339

Rev. Aug. 27, 2012

MORAL THEORY AND FRAMEWORKS

Since ethics is an integral part of management, it is vital for managers to become comfortable with the language of ethics, and to understand how it is inextricable from the language of business. Each business decision can break or respect rules and norms, has consequences and effects on stakeholders, and shapes and is shaped by the character of managers and their corporations. This note will examine the philosophical theories of ethics and how they can apply to management decision making.

There is a rich history and diverse range of ethical theory. This vast range of writing focuses on three different traditions:

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